Topic: Looking for a large transaction broker/facilitator for btc (Read 179 times)

There will be a lot of due diligence, agreed, and escrow will be utilized additionally.

Hey... works this way:

Scammer tries to convince you to send entire coins or money first. If you refuse and insist on using a safe transaction method (for example, using a trusted escrow) the scammer will try to talk you out of it by bait and switching the trade terms. Here are the telltale red flags:

• ”I’m in a hurry. Will look for someone else if you can’t trade right now. I don’t have the time to wait for escrow to respond!”
• ”If we use escrow you pay the escrow fee and I’ll buy your coins at a lower price!”
• ”You send the coins first. No escrow.”
• Bossy attitude. Tries to boss you around to talk you into sending first.

etc etc

If you still refuse, the scammer will now use the “increments scam”. He will tell you to send some of the coins first (usually half) and he promises to pay the full amount when he gets those coins. He will try to sweeten the deal and tempt you to do it by offering a better price. To make sure you have no time to doubt the deal or think about it or ask for second opinion on the forum, he will keep chatting to keep you focused on sending the coins quickly. He might send fake ID or links to his Facebook to boost the trust level.

To make it look like he is the more legit guy, he will pretend to be worried about you not sending the rest of the coins later. “Don’t screw me dude, I’ll call the cops on you! Promise you’ll send me the rest of the coins after I pay?”

It’s all about getting some of your bitcoins (increments of your coins) since he can’t talk you into sending the entire coins. After all, stealing 10% or even less of your coins is still better than stealing none.


Yes, that’s a variant of the scam. The scammer starts the trade with, say, just 10% of your coins. He then pays you quickly to make sure you are happy and satisfied with that first trade experience. He will then insist on doing the rest (90%) in one sting operation. You send and wait for payment... and he disappears.

Can you elaborate on how this scam works?
Obviously I´m not looking for a tutorial in order to test it myself, but I think
the knowledge could be useful in order to prevent getting scammed using this method.

Do you mean that the fraudulent buyer/seller conducts a first increment
of the trade amount in a trustworthy manner only to start scamming after it
when he has gained the trust of the trading partner?

Thank you.

Hello,
Contact me on telegram at @shabbs18
Bitcoin supplier/direct seller.

If anyone seriously intends to proceed with a trade or consider doing one at the scale (10 mil and up) mentioned above, the following should be observed without fail:

• Due diligence. Remember, this is about millions.
• Escrow. Require this even if the buyers claim to be reputable. Refuse to transact if buyer declines to engage the services of a trusted escrow. Beware of the “increments scam”.
• PayPal and other reversible payment methods. Refuse them, especially for extremely immense amounts. You will encounter very serious problems related to KYC, AML and fraud mitigation and even if these issues are resolved, there is still an unquantifiable risk of PayPal erring on the side of caution and imposing account sanctions as a consequence thereof.
• SWIFT/BIC transfer. Again, do your due diligence to mitigate fraud. This can be reversed if the wired funds are later discovered to be fraudulent or anomalous. Remember, banks are paranoid and will want compliance followed and satisfied to the letter.
• Meeting up in person for cash payment. Plan this carefully, mindful of your safety and your family’s too. Always know in the back of your mind, both actively and passively, that not all cash are made equal. There are the genuine ones and the not so genuine stuff.
• Your safety. Prioritize this over and above any gainful trade. When tempted to do this trade, stop and think first. Are the trade terms and conditions safe?

Talking bigger numbers than people are pming me about....please connect me with someone who can facilitate $10mil + and I'll begin vetting them and connecting them to the buyer.

I have some business contacts who would like to purchase large amounts of btc off exchange. They are looking to buy as much at one time to avoid exchange fees and causing large market swings. Reply here or pm me if you know of any Companies or individual sellers. I met some at the conferences but have since lost their numbers.